Nuts - Eastern Asia | Statista Market Forecast

Revenue in the Nuts market amounts to US$12.79bn in 2024. The market is expected to grow annually by 6.79% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$11bn in 2024).
In relation to total population figures, per person revenues of US$7.83 are generated in 2024.
In the Nuts market, volume is expected to amount to 1.56bn kg by 2029. The Nuts market is expected to show a volume growth of 5.4% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.8kg in 2024.

Definition:

The Nuts market covers edible nuts both shelled and unshelled. Nuts are classified as dry, single-seeded fruits that contain a lot of oil. Some examples include almonds, peanuts, walnuts, hazelnuts, and pistachios.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Almonds
Peanuts
Walnuts
Hazelnuts
Other nuts
Nut snack packs without other ingredients
Whole nuts in the shell, shelled nuts Nuts
Raw nut, roasted nuts
Salted and unsalted nuts, flavored nuts

Nut and seed mixes (e.g. trail mix)
Out-of-home consumption

The Nuts Market in Eastern Asia is facing minimal growth due to various factors, such as the limited availability of land for cultivation, increasing production costs, and competition from other snack options. However, the rising health awareness among consumers and the convenience of online purchases are driving some growth in the market.

Customer preferences: The rise in health-consciousness and focus on natural, plant-based diets has led to a growing demand for specialty and exotic nuts from Eastern Asia, such as macadamia and cashew nuts. This trend is driven by a desire for healthier snacking options and a growing interest in Asian cuisine. Additionally, with the rise of e-commerce, there has been a surge in online sales of nuts, providing consumers with convenient access to a wide variety of options.

Trends in the market: In Eastern Asia, the Nuts Market within the Fruits & Nuts Market of The Food market is experiencing a surge in demand for healthy and nutritious snacking options. This trend is driven by an increasing awareness among consumers about the health benefits of nuts, such as their high protein and fiber content. Additionally, there is a growing preference for plant-based and natural products in the region. This trend is expected to continue, presenting opportunities for industry stakeholders to tap into this market and offer innovative nut-based products to cater to the evolving consumer preferences.

Local special circumstances: In Eastern Asia, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the region's cultural preference for healthy and natural snacks. This has led to a rise in demand for locally sourced nuts, particularly in countries like China and Japan. Additionally, government initiatives promoting healthy eating habits have also contributed to the growth of the market. In contrast, regulatory restrictions on imports of nuts in countries like South Korea have limited the market's potential. This unique combination of cultural and regulatory factors sets the Eastern Asian market apart from other regions, shaping its dynamics and growth trajectory.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by macroeconomic factors in Eastern Asia. Economic growth, trade policies, and consumer demand greatly impact the market performance. Countries with strong economic growth, stable political environments, and increasing disposable income are experiencing faster market growth compared to those with economic instability and limited consumer purchasing power. Additionally, the increasing trend towards healthy diets and the rising demand for plant-based protein alternatives are driving the demand for nuts in the region.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.